Infrastructure on the Rise in China

<p>China kicks infrastructure development into high gear.</p>
February 14, 2008, 2pm PST | Nate Berg
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"China's rapid economic growth and equally rapid integration into the global economic system is putting huge strains on its infrastructure. This has led to a spate of spending on transport. Between 2001 and the end of 2005 more was spent on roads, railways and other fixed assets than was spent in the previous 50 years. According to the state media, investment will see double-digit growth every year for the rest of the decade. Between 2006 and 2010, $200 billion is expected to be invested in railways alone, four times more than in the previous five years."

"Superlatives abound. The world's longest sea-crossing bridge is due to open in June: a 36km six-lane highway across Hangzhou Bay (about the same length as the undersea portion of the Channel Tunnel linking Britain and France). This will halve travel time between two of China's busiest ports, Ningbo and Shanghai, to about two hours. Shanghai itself is home to the current world-record holder for such a structure, the 32km Donghai bridge. This was opened less than three years ago to link the city with Yangshan port, now being built on two flattened islands. Yangshan is intended to be one of the world's biggest deep-water facilities when completed at some point after 2010."

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Published on Thursday, February 14, 2008 in The Economist
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